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Bill > HB592


MD HB592

MD HB592
Real Property - Regulation of Common Ownership Community Managers


summary

Introduced
01/27/2020
In Committee
03/16/2020
Crossed Over
03/15/2020
Passed
Dead
03/18/2020

Introduced Session

2020 Regular Session

Bill Summary

Creating the State Board of Common Ownership Community Managers in the Maryland Department of Labor; providing for the composition of the Board, the appointment, terms, and expenses of Board members, and the powers, duties, and functions of the Board; requiring the Maryland Department of Labor to allocate not more than $100,000 for the establishment of the Board in fiscal year 2021; providing that the Act does not prohibit certain persons from providing services under certain circumstances; etc.

AI Summary

This bill creates the State Board of Common Ownership Community Managers in the Maryland Department of Labor. The Board will be composed of 9 members, with 5 licensed community managers, 1 lawyer representing common ownership communities, and 3 resident owners. The Board will establish licensing requirements, rules of professional conduct, and continuing education standards for community managers. The bill also requires common ownership communities to register annually with the Board and mandates that community managers maintain separate financial accounts for each community. Overall, the bill aims to regulate the provision of management services for common ownership communities in Maryland.

Committee Categories

Justice, Transportation and Infrastructure

Sponsors (1)

Last Action

Referred Judicial Proceedings (on 03/16/2020)

bill text


bill summary

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